Staff Accountant

TMC Community Capital

Job Title: Staff Accountant

Job Classification: Exempt, Full-Time

Salary Range: $85,000-$105,000 annually

Working Location: Remote/Hybrid; Los Angeles/Bay Area preferred

Reports To: Director of Impact

About Us

TMC Community Capital (TMC CC) is a nonprofit microlender (CDFI), who provides affordable loans to small businesses in California, with a focus on those that are historically excluded from traditional financing. We help create financial stability with fast and affordable online financing; encouraging entrepreneurship among women-owned, minority-owned, low-income small businesses.

We leverage innovative technology, inclusive underwriting methods, and deep community partnerships. We build relationships with the community. We help build opportunities.

We are a mission-driven, fast-growing org with a strong culture.

Job Summary

We are seeking a strategic and detail-oriented Staff Accountant to lead our financial operations and support our community-focused lending initiatives. This role is responsible for ensuring the accuracy and integrity of our accounting systems, maintaining compliance with federal and state regulations, and supporting organizational decision-making through timely financial reporting and analysis.

The ideal candidate will bring deep expertise in nonprofit and loan fund accounting, a hands-on approach to daily operations, and a passion for economic justice. This position plays a critical role in managing financial workflows—from fund disbursement and payroll to audits and grant tracking—while also driving process improvements and cross-functional collaboration.

Key Responsibilities

Financial Reporting & Oversight

• Lead monthly, quarterly, and annual financial close processes.
• Prepare and record assets, liabilities, revenue, reserves, and expense entries.
• Oversee general ledger, journal entries, and reconciliations.
• Prepare GAAP-compliant financial statements and board reports.

Compliance & Audit

• Ensure compliance with CDFI Fund, IRS, and other regulatory requirements.
• Manage annual audits and coordinate with external auditors.
• Maintain internal controls and risk management procedures.
• File state reporting, county property tax, and business license.

Budgeting & Forecasting

• Collaborate with leadership to develop and monitor budgets.
• Provide financial analysis and forecasting to support strategic decisions.

Loan Accounting & Fund Management

• Oversee accounting for loan portfolios, including interest accruals, reserves, and fund application.
• Track restricted and unrestricted funds, grants, and program income.
• Disburse loan funds by verifying amounts and wire instructions, securing approvals, and ensuring timely and accurate release.
• Initiate NACHA batch pulls for loan payments and monitor for returned payments.
• Reconcile loans funded, payments received, and loan sale portfolio across QuickBooks, DownHome, and bank records.

Operational Accounting & Administration

• Manage the accounting inbox and serve as the first point of contact for internal and external inquiries. Respond promptly, resolve issues, and escalate as needed.
• Input accounts payable into Bill.com and QuickBooks. Obtain invoice approvals and process weekly payments. Maintain A/P files and follow up on vendor issues.
• Set up new vendors in Bill.com, manage W-9s, and ensure tax compliance.
• Issue year-end 1099s.
• Deposit and record payments received. Prepare daily bank deposits and cash transfers.
• Process bi-monthly payroll and 401(k). Ensure accurate timecard submissions and obtain appropriate timecard approvals.
• Administer the corporate credit card program, including reconciliation and policy enforcement.
• Review and process employee expense reimbursements accurately and timely.

Systems & Process Improvement

• Evaluate and enhance accounting systems and workflows.
• Implement technology solutions to improve efficiency and reporting.
• Collaborate cross-functionally with internal teams to understand operational workflows, ensure accounting accuracy, and identify opportunities for continuous improvement.

Qualifications

• • Bachelor’s degree in Accounting or Finance (CPA preferred).
  • 7+ years of progressive accounting experience, ideally in nonprofit or financial services.
  • Experience with CDFIs, loan accounting, and fund management strongly preferred.
  • Proficiency in accounting software (e.g., QuickBooks, Sage Intacct) and Excel.
  • Strong analytical, organizational, and communication skills.
  • Commitment to economic justice and community development.
  • Must be able to legally work in the US.

At TMC CC, we don’t just accept difference - we celebrate it, we support it, and we thrive on it for the benefit of our employees, our products and our community. TMC CC is an equal opportunity employer. Employment at TMC CC is based solely on a person's merit and qualifications directly related to professional competence. TMC CC does not discriminate against any employee or applicant because of race, creed, color, religion, gender, secxual orientation, gender identity/expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or related condition (including breastfeeding), or any other basis protected by law.

Benefits

• Multiple Medical Plans offered (PPO & EPO), including Kaiser HMO with employer contributions.
• Dental and Vision plans are offered at no cost to employees.
• Life Insurance, Employee Assistance Programs and Disability coverage.
• Company holidays, birthdays, vacation and sick time, Paid Parental Leave.
• 401(k) Retirement Plan with 3% employer match.
• Other Benefits: cell phone & internet stipend, Gym Benefits, Professional Development growth opportunities.